Weiler v. PortfolioScope, Inc., et al. (Lawyers Weekly No. 10-123-14)
Former executive wins most of his claims for unpaid settlement share after company diverted funds to insiders, with reversals only on conversion theory.
Former executive wins most of his claims for unpaid settlement share after company diverted funds to insiders, with reversals only on conversion theory.
Appeals court reversed judgment favoring software developer against PortfolioScope and its controlling shareholder over disputed entitlement to litigation settlement proceeds, holding secured creditor's prior interest took priority.